The Bolt-Ons Digest – 13 July 2022

TMT

Ardian's Aire Networks, a Spanish telecoms operator, has acquired Stackscale, a Dutch specialist in private cloud services. The sponsor bought Aire Networks in June 2022 via Ardian Buyout Fund VII.

GRO Capital's Targit, a Danish business intelligence software provider, has acquired Belgian peer CalmCo to help it expand into new verticals. GRO acquired Targit in an MBO in February 2017. 

Eurazeo, Cathay Capital and Sagard-backed DiliTrust, a French SaaS developer for the legal sector, has acquired Hyperlex, a local publisher of SaaS software for contract management. The GPs acquired DiliTrust in March 2022. 

BID Capital's EvidentIQ, a German software developer that helps manage clinical data for the pharma sector, has acquired the US-based peer Dacima Software, which supports clinical trials. BID formed EvidentIQ in September 2019 via BID Equity Fund II.

Tenzing's MetaCompliance, British cybersecurity software, has acquired MOCH, a Danish provider of cybersecurity and compliance training. The sponsor acquired MetaCompliance in January 2021.

Business support services

Kester Capital's Rephine, a British provider of audit and compliance services to the pharma industry, has acquired Spanish peer Forum Auditorias. Kester acquired Rephine in October 2021 via Kester Capital II.

Polaris Equity's Esoft, a Danish real estate photographer, has acquired local peer Pro-Plan Interaktiv. The sponsor acquired Esoft, which has around EUR 25m revenue, in June 2022 via Polaris Private Equity V.

Consumer services

Kester Capital's Jollyes, a UK-based speciality pet product retailer, has acquired Penparc, a chain of pet retail stores across the Midlands. Kester acquired Jollyes in May 2018 via GCP Capital Partners Europe II.

Arta Capital and KKR's Alvic, a Spanish high-quality kitchen furniture manufacturer, has acquired French peer Stratagem. The GPs acquired Alvic in July 2019 via Arta Fund II and KKR European Fund V.

Miura Partners' EfectoLED, a Spanish online LED lighting specialist, has acquired British peer Lyco Group to add GBP 18m in sales. Miura acquired EfectoLED, which expects to exceed EUR 100m in turnover by 2023, in October 2018 via Miura Fund III.

Industrials

Capiton's Dec Group, a Swiss handler of hazardous powders for the pharma sector, has acquired UK-based AWL, a supplier of continuous processing technologies. Capiton acquired Dec Group in January 2020 via Capiton V.

EQT's Oterra, a Danish manufacturer of natural colouring for food, has acquired Akay Group, an Indian manufacturer of natural ingredients. The add-on is Oterra's fourth in 14 months. EQT acquired Oterra (formerly known as Chr. Hansen Natural Colours) in September 2020 via EQT IX.

Healthcare

KKR's Biosynth Carbosynth, a Swiss life sciences CDMO, has acquired Pepscan, a Dutch peptide expert. KKR acquired Biosynth Carbosynth via its USD 4bn Health Care Strategic Fund II in November 2021.

BB Capital's Cosmetique Totale, a Dutch chain of skin care clinics, has acquired injectables specialist Van Lennep Kliniek. The acquisition is Cosmetique Totale's twelfth under the sponsor's ownership. BB Capital acquired the company in May 2020. 

Basic materials

Duke Street Capital's Compo, a German producer of garden soil, has acquired Heinr. Propfe Chemische Fabrik, a local developer of raw material fertilisers. Duke Street acquired Compo in June 2021.

Financial services

AnaCap's MRH Trowe, a German insurance broker for the industrial sector, has made three local bolt-ons. The deals take the company's total number of acquisitions to 15 in the past 18 months. AnaCap acquired MRH Trowe in January 2021 via AnaCap Financial Partners III.

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• Topics
• Buyouts
• GPs
• Healthcare
• Technology
• Industrials
• Financials
• KKR
• capiton AG
• Kester Capital
• AnaCap Financial Partners
• Ardian (formerly Axa PE)